Finance Committee Report
November Z0, 1973



FC



-7



Memnbers, Executive Committee, Board of Trustees:


       ACCEPTANCE OF AUDITS FOR THE FUND FOR ADVANCEMENT
       OF EDUCATION AND RESEARCH IN THE UNIVERSITY OF KENTUCKY
       IVEDICAL CENTER, THE UNIVERSITY OF KENTUCKY RESEARCH
       FOUNDATION, UNIVERSITY OF KENTUCKY ATHLETIC ASSOCIATION,
       AND THE UNIVERSITY OF KENTUCKY CREDIT UNION.

Recommendation: that the Board of Trustees accept the f inancial statements
of The Fund f or Advancement of Education and Research in the University of
Kentucky Medical Center, The University of Kentucky Research Foundation,
University of Kentucky Athletic Association, and the University of Kentucky
Credit Union for the fiscal year ended June 30, 1973.

Background: The annual financial reports of the af filiated corporations of the
University have been audited by the firm, Coopers & Lybrand, and are presented
to the Board for its acceptance. These reports will be submitted to the Boards
of the above af filiated corporations at the next scheduled meeting.




(Note: The reports and related statements submitted by the firm,
       Coopers & Lybrand are not included as a part of the Minutes
       but are iii the official files of the Board of Trustees. )



Action: Approved     X     Disapproved ____

Date:   November 20     1973



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